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Market Analysis

December, 2020

  • 8 December 2020 12:03 am

    GBP/USD Recovers Some of its Earlier Losses

    The British Pound (GBP) is showing a negative performance on Monday, however, it was able to cut its losses in half showing some recovery signs amid anticipation for what could be the latest round of trade talks between the United Kingdom (UK) and the European Union (EU) about the post-Brexit …

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  • 7 December 2020 11:15 pm

    Gold Closes Higher as USD Declines

    Gold prices rose on Monday, opening the week with a positive performance as the US Dollar (USD) declined near its lowest level since 2018. The rise of the yellow metal also comes amid renewed hopes for a new government stimulus package in the United States. Gold futures for February delivery …

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  • 7 December 2020 9:33 pm

    European Stocks Close Lower Awaiting Brexit Talks

    European stocks opened the week with a negative performance, amid anticipation for the outcome of the Brexit trade talks. The STOXX Europe 600 index finished lower by 0.3%. Meanwhile, the UK’s FTSE100 rose marginally by 0.08%. The French index CAC40 leveled down by 0.64%, while the German index closed lower …

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  • 7 December 2020 7:15 pm

    Nasdaq Hits New All-Time High

    The New York Stock Exchange (NYSE) opened the week on a mixed note, as the Nasdaq Composite index continued its positive performance and hit a new record high during Monday early trading. This comes amid renewed hopes for a new government stimulus package, as well as positive news about Coronavirus …

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  • 7 December 2020 6:23 pm

    US Dollar Near Its Lowest Level Since 2018

    The US dollar index settled near its lowest level in two and a half years during trading on Monday after weak US jobs data. while the British pound fell as Britain and the European Union made a final attempt to reach a trade deal. In the US, jobs data on …

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  • 7 December 2020 5:48 pm

    UK PM Johnson’s spokesman: There Will be No Negotiations in 2021

    British Prime Minister Boris Johnson’s spokesman told reporters on Monday that the UK is prepared to negotiate for as long as there is time and if they think a deal is possible, as reported by Reuters. “We will not extend the transition period, there will be no negotiations in 2021.” …

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  • 7 December 2020 4:41 pm

    EU’s Barnier: Negotiations to Continue Until Wednesday But no Further

    The European Union’s chief Brexit negotiator, Michel Barnier, has told the members of European Parliament that negotiations on a post-Brexit deal could continue until Wednesday but no further, RTE Europe Editor Tonny Connelly said on Monday.

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  • 7 December 2020 3:43 pm

    Hopes For a Vaccine Raise Investor Sentiment

    A survey reported that investor sentiment in the Eurozone rose more than expected in December, reaching its highest level since February, supporting expectations for an economic recovery thanks to the near availability of vaccines. Sentex Eurozone index rose to -2.7 from -10.0 in November. A Reuters poll had forecast a …

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  • 7 December 2020 2:53 pm

    UK: The Largest Annual Increase in UK Home Prices Since 2016

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    The monthly figures from Halifax Mortgage Lender showed UK home prices last month recorded their biggest annual increase since June 2016. Halifax said house prices increased 1.2% in November, and have risen 6.5% over the last five months, the largest increase since 2004.

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  • 7 December 2020 2:16 pm

    US Dollar Index Continues Moving Towards Its Two And a Half Year Low

    The US dollar index on Monday, December 7, remained near a two-and-a-half-year low it reached on Friday, as weak US job data boosted expectations for economic aid, while the British pound fell as Britain and the European Union embark on a final attempt to strike a trade deal. Fears are …

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  • 7 December 2020 1:27 pm

    Gold Rising as US Stimulus Tilts Over Vaccine Hopes

    Gold prices rose slightly on Monday, December 7, as weak US job data supported hopes for more fiscal stimulus, although optimism about the deployment of vaccines to prevent the Coronavirus curbed the gains. The spot price of gold rose 0.2% to $ 1841.93 an ounce by 05:54 GMT, while US …

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  • 7 December 2020 1:00 pm

    China Posted Its Largest Trade Surplus in 30 Years

    China’s exports jumped by 21.1% last November, the largest increase in two years, while imports rose 4.5% for the same period. This resulted in a trade surplus of $ 75.4 billion, and this surplus is the largest in 30 years. China’s trade balance with the United States reached a new …

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  • 7 December 2020 12:58 pm

    Oil Falling From Its Highest Level in Months Due to Covid-19 Measures

    Oil prices fell on Monday, December 7, from their highest levels in months, with the continuing increase in infections with the Coronavirus globally and renewed closure measures, the latest of which included the imposition of strict restrictions in southern California in the United States, the largest consumer of crude in …

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